China clears last muni bond hurdle

Chinese authorities have removed the last hurdles on a massive local government debt swap that should also jump start the growth of a market-driven municipal bond market.

With Eye on Market Stability, Fischer Carves Out Fed Role

Investors are becoming complacent about risks in financial markets as loose monetary policy spurs a search for yield, the Financial Stability Board said today.

IMF warns Europe's banking system poses threat to global financial stability

The eurozone's creaking banking system poses a serious threat to global financial stability, according to the International Monetary Fund, which warned European leaders to accelerate plans to support weak banks and create a banking union.

ECB confronts more signs of weak growth

FRANKFURT, Germany (AP) -- The European Central Bank is facing more signs of weakness in the economy of the 18 countries that use the euro as it weighs whether to add more stimulus.

Some banks easing lending ahead of stress tests: ECB's Honohan

(Reuters) - Some euro zone banks are restricting lending to boost their performance in financial stress tests this year, a member of the European Central Bank's (ECB) governing council said on Friday.

Bank of America Predicts Stock Drop on Yield Jump: China Credit

China’s borrowing costs are climbing at the fastest pace since late 2010 and Bank of America Corp. says that’s making stocks vulnerable, just as it did back then.

Osborne asks BoE to consider extra powers to curb banks

(Reuters) - Chancellor George Osborne has asked the Bank of England to decide whether it needs more powers to control banks' risk-taking.

BIS: Central banks must end 'whatever it takes' policy

The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and now governments must do more.

Fed's Bernanke warns shadow banking risks persist

(Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system still posed a threat to financial stability, and funding markets might still not be able to cope with a major default.

Analysis: Euro zone bank troublespots don't come down to size

DUBLIN/LONDON (Reuters) - Though the implosion of Cyprus's bloated banking system has put other euro zone economies with outsized financial sectors such as Luxembourg and Malta in the spotlight, loan quality is the real litmus test of a country's financial stability.

ECB says first Cyprus bailout plan 'not smart'

The initial plan to make small savers pay for the Cyprus bailout was "not smart", the European Central Bank (ECB) president has said. ECB president Mario Draghi said a proposal to make "insured depositors" pay did not come from the ECB, the European Commission or the IMF.

Cyprus Bank Deposits to Be Taxed in $13 Billion Bailout

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt crisis broke out in 2009.

Euro-zone debt crisis enters challenging new phase

SYDNEY (MarketWatch) — Rallying European stocks and bonds reflect a growing belief that both the euro zone and the European Central Bank are at last taking the correct policy actions to combat the region’s debt crisis.

Fitch issues warning against China's growth model

BEIJING: Global ratings agency Fitch has warned that China's "investment-driven growth model" faces increasingly serious constraints due to heavy debt financing by local governments.

Cyprus could default on loan payments due this month

NICOSIA: Cyprus could default on loan payments due this month unless it can reach an agreement on a bailout with international lenders within days, a government official said on Monday.

Spain says first bank recapitalisation 37 billion euros

BRUSSELS: The first injection of loans to recapitalise Spain's broken banking system will amount to 37 billion euros (nearly $50 billion), Spain's Finance Minister Luis De Guindos said Monday.

ECB's Mario Draghi defends euro rescue measures

BRUSSELS: European Central Bank chief Mario Draghi defended on Monday controversial measures taken to tame the eurozone debt crisis, including buying up government bonds, European MPs said.

The balancing act of weighing growth against safety

The financial policy committee of the Bank of England is now one year old. Its purpose is to identify and, where possible, mitigate threats to the British financial system.

ECB's Draghi: Broad Slowdown Justified Rate Cut

The European Central Bank cut its benchmark interest rates by 0.25 percentage point, bringing the refinancing rate to a record low of 0.75% and the overnight deposit rate to zero.

Financial Stability Board to 'name and shame' countries over financial security

Mark Carney, chairman of the FSB, has launched the process to look at how the G20 agreement on banking security following the financial crisis is working. Basel III is due to enforce new capital and liquidity rules by 2019.